Monetary Benefit Plan form

  • Release version: Zurich
  • Updated March 12, 2026
  • 2 minutes to read
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    Summary of Monetary Benefit Plan form

    The Monetary Benefit Plan form allows ServiceNow customers to specify and manage the estimated monetary benefits accrued from a demand over a fiscal period. It enables detailed financial planning by capturing benefit types, timing, durations, and associated financial values, supporting accurate benefit forecasting and tracking within the Financial Management application.

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    Key Features

    • Benefit Identification: Define the benefit plan by name, link it to a specific demand, and specify the sponsor.
    • Benefit Categorization: Classify benefits as Hard (revenue-measurable) or Soft (value-measurable), with further subcategories and types to refine benefit characterization.
    • Timing and Offset Management: Use the Offset type field to determine when benefits start realizing relative to demand start or end dates, with the flexibility to adjust start fiscal periods manually if no offset is selected.
    • Duration and Periods: Specify the length of the benefit plan in fiscal periods, including start and end fiscal periods that dynamically affect associated benefit breakdown values.
    • Associated Benefits: Link non-monetary benefits to the monetary plan for comprehensive benefit tracking.
    • Financial Details: Enter estimated benefit amounts, specify currency (entered currency vs. functional currency), and track total planned, actual benefits, and conversions between currencies using budget reference rates.
    • Recurring Benefits: Indicate if the benefit recurs each fiscal period, allowing for ongoing financial impact tracking.

    Practical Use for ServiceNow Customers

    By using the Monetary Benefit Plan form, customers can accurately forecast and manage the financial benefits of their demands or projects. The form’s detailed categorization and timing controls ensure that benefit realization aligns with project milestones and fiscal periods. Currency management supports multinational financial tracking, and recurring benefit options help plan ongoing returns. This enables improved financial visibility, budgeting accuracy, and benefit realization tracking within ServiceNow’s Financial Management framework.

    Use the Monetary Benefit Plan form to specify the estimated benefit accrued by a demand for a fiscal period.

    Table 1. Monetary Benefit Plan form
    Field Description
    Name Descriptive name of the benefit plan.
    Work Demand number to which the benefit plan belongs.
    Sponsor Sponsor for the demand.
    Category Type of benefit:
    • Hard: Benefits that can be measured in terms of revenue.
    • Soft: Benefits that are measured in terms of value.
    Sub category Subcategories of hard and soft benefits.

    The selection in Category field determines the selections available in this field.
    Benefit type Type of benefit. Select Monetary benefits.
    Offset type Offset type field indicates when the benefits start realizing.

    If the value in the selected offset type changes, the benefit plan start date shifts accordingly. For example, if the offset type is set to End Date and the demand due date changes, the benefit plan start date shifts to match the new due date.
    Work start date Start date of the demand. The field appears if you select Start Date in the Offset type field.
    Work end date End date of the demand. The field appears if you select End Date in the Offset type field.
    Offset Number of periods before or after the offset type when the benefit plan starts. For example, if the offset type is set to End Date and the offset is -2, the benefit plan is two periods before the demand end date. If the demand end date shifts, the benefit plan start date shifts to two periods before the new demand due date.
    Duration in periods The length, in periods, of the benefit plan.
    Start fiscal period Starting fiscal period. Populated based on values in the Offset field relative to the selected Project or Demand start date or Project or Demand end date, and the Duration in period values.

    The field is editable if you select None in the Offset type field.

    When you change the start fiscal period, the associated benefit breakdown values also change.
    End fiscal period Ending fiscal period.

    When you change the end fiscal period, the associated benefit breakdown values also change.
    Associated benefit Non-monetary benefit that is associated with this monetary benefit plan.
    Description Description of the monetary benefit plan.
    Table 2. Financials section of the Monetary Benefit Plan form
    Field Description
    Entered benefit Estimated amount of the potential benefit.

    Any change in the planned benefit on the benefit plan updates the associated benefit breakdown values for future fiscal periods.
    Entered currency Currency for the benefit plan.

    If the selected currency is different from the default currency configured in the Financial Management application, the budget reference rate is used to calculate the financial benefit of the demand.
    Functional currency The default currency configured in the Financial Management application and used for managing the demand or project.
    Total planned benefit Total benefit value that is rolled up from the benefit breakdown.
    Benefit in functional currency Benefit incurred from demand in functional currency. The value in this field changes if the Entered currency is different from the functional currency.
    Actual benefit Actual benefit value that is rolled up from the actual benefit in the benefit breakdown.
    Recurring Check box to indicate if the benefit is recurring for each fiscal period in the benefit breakdown.